United Parks & Resorts (NYSE:PRKS) Price Target Cut to $60.00

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its target price reduced by equities research analysts at Truist Financial from $62.00 to $60.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's target price indicates a potential upside of 13.72% from the stock's previous close.

A number of other analysts have also recently commented on PRKS. Citigroup upped their target price on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, September 18th. B. Riley restated a "buy" rating and issued a $71.00 price objective on shares of United Parks & Resorts in a research note on Monday, October 7th. Stifel Nicolaus lowered their target price on United Parks & Resorts from $76.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Macquarie reduced their price target on United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday. Finally, The Goldman Sachs Group downgraded United Parks & Resorts from a "buy" rating to a "neutral" rating and cut their price objective for the company from $63.00 to $53.00 in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, United Parks & Resorts currently has an average rating of "Moderate Buy" and an average price target of $63.00.

United Parks & Resorts Stock Up 0.2 %

Shares of NYSE PRKS traded up $0.09 during trading on Monday, reaching $52.76. 555,570 shares of the company traded hands, compared to its average volume of 814,148. The firm has a 50 day simple moving average of $50.23 and a 200-day simple moving average of $51.74. United Parks & Resorts has a 52-week low of $40.87 and a 52-week high of $60.36. The stock has a market capitalization of $3.06 billion, a PE ratio of 13.78 and a beta of 2.01.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $1.54 by ($0.08). The company had revenue of $497.60 million during the quarter, compared to the consensus estimate of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The company's revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm posted $1.35 EPS. As a group, research analysts predict that United Parks & Resorts will post 4.35 EPS for the current year.

Insider Buying and Selling

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the sale, the insider now directly owns 85,463 shares of the company's stock, valued at $4,524,411.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the transaction, the insider now owns 85,463 shares of the company's stock, valued at $4,524,411.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yoshikazu Maruyama sold 12,984 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the transaction, the director now owns 41,766 shares of the company's stock, valued at approximately $2,091,223.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,366 shares of company stock valued at $1,938,984. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of United Parks & Resorts

Several hedge funds have recently modified their holdings of PRKS. Hexagon Capital Partners LLC bought a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $25,000. Exchange Traded Concepts LLC bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $28,000. Blue Trust Inc. purchased a new position in shares of United Parks & Resorts in the 3rd quarter worth approximately $30,000. nVerses Capital LLC bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at approximately $304,000. Finally, Handelsbanken Fonder AB purchased a new stake in United Parks & Resorts during the 3rd quarter valued at $390,000.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.